- Registration time
- Last login
- Online time
- 3186 Hour
- Reading permission
I am starting this thread for our CHINA DAILY, star economist, DUKE OF DUCK.|
He had a PROFOUND opinion, which is rather valid and direct!
"An economy needs to PRODUCE WEALTH before it can CONSUME it!"
I reckon he meant PRIMARY economy - those of Agriculture, Horticulture, Extraction of forest produce, Mining, Energy plus the Processing of these. (The Duke of Duck was refering to the PRIMARY wealth of the British Club with it's rich PLENTIFUL RESOURCES, and the ENGINEERING SKILLS that make the CLUB the world's most competitive economy!)
Then there is the SECONDARY economy - mainly of MANUFACTURING and ASSEMBLY of DURABLES, and CONSUMABLES. This refers to the economy of USA, EU and ATRS which produces a huge range of Automobile, E&E, IT, metal-plastic-composites-timber-fibre, military, capital goods or such items. (China currently is strong in the ASSEMBLY end of the secondary economy)
Finally there is the TERTIARY economy - these is the mainly SERVICES sector. Here the BRITISH CLUB once again is a dominant factor in the global economy!
DUKE OF DUCK - Old Chap! This thread is for you to SING, dance OR duck around!